St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-24
$1,000 Per Front Foot.

The Sault Ste. Marie Railroad company
has purchased two lots in Kittson's addi-
ton. These lots front 100 feet OH Broad
way and run back 200 feet to Pine street
The price contracted to be paid is $50, 900,
and at the rate of $1,000 per front foot for
the Broadway frontage. This is the high
est price ever paid for st. Paul property,
and, of course, the great depth of the land
and its peculiarly advantageous situation for
railroad purposes. is what commanded the
price The contract to purchase was en-
tered into last Monday, but the facts con-
corning the purchase were suppressed until
the latter part of the week. The $500
company buy this for Improvement
and it is generally understood that
some other railroads are interested.
but this is denied by the parties to the ne
getiation. 1t is quite obvious that the
various railroad companies having lines
running to st. Paul see now the necessity
of securing foothold on Broadway. Sew
eral months since we predicted that it
would not be many years until various rail-
way lines would secure ground for depots
headQuarter buildings. freight houses, etc.,
as near as possible to this great central
thoroughfare. The ground between East
Fourth and Sixth streets, from the trackage
OF the railways along Trout brook valley,
including some thirteen blocks. will sooner
or later become an absolute necessity to the
railways, and they will buy it without
regard to cost. The location of various
freight houses, on Broadway, the construe-
ton of Mr.. HIPS magnificent headquarters
building on Broadway and Third, the
headquarters of the Northern Pacific road,
the purchase just made by the 800" road.
all show how important Broadway is des-
tined to become. The provisions by the
legislature for a bridge across the river
from Broadway to State street were made
none too soon. If the bridge would be
built at once it would take heavier traffic
than either the Wabasha OF the Robert
street bridge. The business at the stock
yards and in South st. Paul is growing so
rapidly and becoming so immense that the
Broadway bridge has already become, in the
minds of 4 large number of our best business
men, necessity. and by the: time the
measure can be submitted to vote of the
people next spring it Will become so urgent
a necessity that it will, without doubt, re-
ceive an almost unanimous vote of the peo-
pie. Broadway has advantages over almost
any other street in the city. 1t extends bv
Mississippi far out into the country on al
most dead level. 1t is central geograph-
ically. and nearly divides the city equally.
State street. on the West side. which will
doubtless be changed to South Broadway
when the bridge connects them, also runs
on All easy grade up the bluff. and can be
continued into the country indefinitely. So
Broadway, when the bridge is built. will be
the longest straight north and south street.
1t will bisect the heart of the city north
and south as Seventh street does east and
west. and will. doubtless. become as valu-
able as any business property in the city.
ANY way, Broadway has the record of fur
pis & the tirst .ala Of real estate in St.
fala ~ q figure seave ST.. 900 per front foot.